02067cas a2200253 a 4500 AALejournalIMF001879 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451848182 1018-5941 BD-DhAAL BD-DhAAL Basu, Anupam. Foreign Direct Investment in Africa-Some Case Studies / Anupam Basu, Krishna Srinivasan. Washington, D.C. : International Monetary Fund, 2002. 1 online resource (41 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper reviews the experiences of a few countries in Sub-Saharan Africa that have succeeded in attracting fairly large amounts of foreign investment. The review indicates that sustained efforts to promote political and macroeconomic stability and implement essential structural reforms have been the key elements contributing to the success that certain countries in Africa have achieved in attracting a substantial volume of FDI. Strong leadership, which has helped promote democracy and overcome social and political strife, and a firm commitment to economic reform have been important determinants. The adoption of sound fiscal and monetary policies, supported by an appropriate exchange rate policy, and a proactive approach to removing structural impediments to private sector activity have had a positive bearing on investor sentiment. The analysis underscores the importance of relying on stability and a broad-based reform effort to encourage foreign investment in Africa. Mode of access: Internet Srinivasan, Krishna. IMF Working Papers; Working Paper ; No. 2002/061 Full text available on IMF http://elibrary.imf.org/view/journals/001/2002/061/001.2002.issue-061-en.xml IMF e-Library